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Former Member

FOC sales- Excise

Dear ALL,

How to carry out Free of charge in Excise process ?

cheers

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3 Answers

  • Best Answer
    Sep 26, 2008 at 12:43 PM

    Dear Veera

    Be it you are selling a material on free of cost or not, you are suppose to pay excise duty on the selling price, when the material leaves the manufacturing unit.

    thanks

    G. Lakshmipathi

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    • Former Member

      Hi Laxmi

      Great...

      Can you tell me the settings ??

      cheers

      Edited by: VEERA on Sep 26, 2008 2:46 PM

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    Former Member
    Sep 27, 2008 at 04:22 AM

    The excise condition types should be statistical in the billing document as you dont want to post a liability to customer. During excise invoice creation the excise values will be populated from the billing document to excise. Here liability will be created i.e. excise payable.

    Regards,

    GSL.

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    Former Member
    Oct 03, 2008 at 06:46 AM

    done

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